How it works
- Every coin launches with its own on-chain treasury, on pump.fun or Raydium LaunchLab.
- Traders pay the venue's creator fee. 100% of it goes to the treasury, locked from the first trade.
- At each publication: 1% platform fee (buys back and burns $COMMIE), creator share, rest to backing.
- Rate =
backing / supply, republished every interval. - Holders burn tokens for their share at the rate.
Redeeming
- One transaction: publish if due, burn, pay out in the quote asset.
gross = min(amount × rate, amount × vault / supply),net = gross − fee- Set a minimum received. The transaction fails rather than pay less.
- Burned tokens are gone. Supply shrinks.
- Last token redeemed: treasury goes terminal, residual to that redeemer.
- The rate is a floor, not a price or a peg.
Fees
Net effect: every trade fills the treasury, every publication lifts the floor, every redemption shrinks the supply. Amounts shown are illustrative.
| Fee | To | Amount |
|---|---|---|
| pump.fun protocol fee | pump.fun | 0.95% per curve trade |
| pump.fun creator fee | Treasury | Set by pump.fun per coin |
| LaunchLab protocol + platform fee | Raydium + $COMMIE buyback | 0.25% + 0.5% per curve trade |
| LaunchLab creator fee | Treasury | 0.5% per curve trade, then the CPMM creator fee |
| Platform fee | $COMMIE buyback and burn | 1% of rewards |
| Creator share | Payout wallet | 0 to 50% of rewards after platform fee |
| Redemption fee | Backing or creator | 0 to 5% of payout |
The platform fee and the Commies LaunchLab platform fee go to the platform authority wallet, which buys back $COMMIE, the first token launched on Commies, and burns it. Buybacks are made from that wallet, not enforced by the program.
Share, redemption fee and interval (1 hour to 30 days) are fixed at creation.
Launching
- Launch only. Treasuries are created in the launch itself: the new mint's keypair must co-sign, so existing coins cannot be added.
- pump.fun: your wallet is the pump.fun creator. The coin and finalized fee sharing (100% to the treasury) land in one transaction, the treasury in the next. Quote SOL or USDC.
- Raydium LaunchLab: the treasury itself is the pool creator, so creator fees are routed from the first instruction. Coin and treasury land atomically in one transaction, on the Commies LaunchLab platform. Quote SOL.
- LaunchLab fees: on the curve, the treasury earns the platform's creator fee (0.5%); anyone can collect it into the treasury. After graduation to Raydium CPMM the treasury stays the pool creator and earns the CPMM creator fee, collected permissionlessly.
- The Commies LaunchLab platform is administered by a Commies program address. The current program has no fee-update instruction; a program upgrade could add one.
Addresses
Cluster: mainnet-beta
Commies program
Platform authority
Receives the platform fees, used to buy back and burn $COMMIE
Mainnet upgrade vault
Planned Squads upgrade authority for Commies and the arena
Pump program
PumpSwap program
Pump Fees program
Fee sharing
Raydium LaunchLab
Commies LaunchLab platform
Fixed fee settings
Raydium CPMM
Where LaunchLab coins graduate
Wrapped SOL
Shown as SOL
The current program has no admin, close or withdraw path for backing. Program upgrades can change these rules.
Risks
- Unaudited. You can lose everything you put in.
- Upstream. pump.fun and Raydium can change fee rules or programs. Inflow may slow or stop; funds in the treasury stay redeemable.
- Quote asset. Issuers like USDC can freeze accounts and block payouts.
- Fixed settings. The current program has no instruction to change treasury settings or fee routing.
- Program upgrades. Mainnet upgrades will require Squads approvals and can change settings, fee routing and access to backing. Devnet uses its deployer as upgrade authority.
- Not advice. Not financial, legal or tax advice, or an offer of any security.
Independent. Not affiliated with pump.fun or Raydium. See pump.fun and Raydium LaunchLab.